Banks reduce new naira notes per cash withdrawal

Banks reduce new naira notes per cash withdrawal

As CBN releases security features   By Babajide Komolafe & Elizabeth Adegbesan Banks have reduced the volume of new naira notes they dispense to customers per  cash  withdrawal by about 50 per cent  leading to increased anxiety over the January 31st deadline when the old notes will cease to be legal tender. Meanwhile, the Central Bank of […]
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Marafa sympathizes with victims of Zamfara military airstrike

Marafa sympathizes with victims of Zamfara military airstrike

By Ezra Ukanwa PRESIDENTIAL Campaign Coordinator of the All Progressives Congress, APC, in Zamfara State, Kabiru Garba Marafa, has condoled with the families of victims caught in military fire against bandits in Maru Local Government Area of the state. The airstrike incident reportedly left at least 64 people killed, on Sunday. Marafa, who is also […]

Customs FOU record N2.3bn seizures from Jan-Dec ’22

Customs FOU record N2.3bn seizures from Jan-Dec ’22

By Eguono Odjegba Controller of the Federal Operations Unit, FOU, Zone ‘B’, Nigeria Customs Service, NCS, Comptroller AB Hamisu psc+ has unsettled the records of the service in the entire northern operational zones, as he made a haul of 949 seizures between January 1 and December 20, 2022 with a Duty Paid Value, DPV, of […]

<strong>Senate passes business facilitation bill</strong>

Senate passes business facilitation bill

*As FEC approves World Bank-Backed SABER Programme ABUJA— FOLLOWING its earlier passage by the House of Representatives, the Senate, yesterday, passed the Business Facilitation (Miscellaneous Provision) Bill 2022, also known as the Omnibus Bill. Making the disclosure in a statement, the Special Adviser to the President, Ease of Doing Business/PEBEC Secretary, Dr Jumoke Oduwole stated […]

Boko Haram invades Borno communities razes houses, foodstuff, livestock

Boko Haram invades Borno communities razes houses, foodstuff, livestock

Armed terrorists suspected to be members of Boko Haram/ISWAP on Monday evening invaded communities of Jibwiwi in Hawul Local Government Area of Borno state, thereby setting ablaze seven (7) residential buildings, and hundreds of bags of maize, Guinea Corn, Millet, Groundnuts and some livestock.

INFLATION: Expert advises against continued monetary policy tightening

INFLATION: Expert advises against continued monetary policy tightening

By Nkiruka Nnorom The Central Bank of Nigeria (CBN) has been advised to withdraw from further deployment of monetary policy tightening as a tool to check the inflationary pressure. Mr. Muda Yusuf, Managing Director, Centre for the Promotion of Private Enterprise (CPPE) made the call in response to the November 2022 inflation figure released by the […]

Looted artefacts: Germany returns 22 Benin bronzes to Nigeria

Looted artefacts: Germany returns 22 Benin bronzes to Nigeria

The Federal Republic of Germany yesterday at the Foreign Affairs Ministry, Abuja, handed 22 Benin Bronzes to the Nigerian government. The artefacts, which had stayed outside Nigeria for 125 years, were looted from Benin by the British and over the years, had moved to different countries before arriving in Germany.

Fake LASTMA official bags 4-month jail term

Fake LASTMA official bags 4-month jail term

Lagos State Environmental and Special Offences Mobile Court, sitting at Bolade, Oshodi, Lagos, has sentenced one David Oluchkwu, to a four-month jail term for impersonating the Lagos State Traffic Management Authority, LASTMA, official and extorting money from commercial bus drivers in Lagos.